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20121204
20121204
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because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
washington the benefit of the doubt so far today. we've had no real progress to speak of on the fiscal cliff. the president did speak publicly about it today. but we haven't exactly taken any step backwards either on wall street as far as the major averages go. we have had more special dividends declared, which we'll get to. first, get you caught up on the markets. kind of a meandering day. a few economic bits of data out today. other than that, not a lot going on as far as economic data go. we're all just waiting to see that white puff of smoke come out of washington and nothing yet so far. the dow virtually unchanged right now at 12,966. the nasdaq is down seven points right now. we'll talk with seema mody about that. and the s&p 500 index at this hour is down 1.80 in change at 1407. in today's "closing bell" exchange, we go over what is going on as we head toward the end of the year. seema mody is at the nasdaq today. jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets res
'm joined by elise in washington. first u.s. far from the only country to possess drones neen that part of the world, multiple countries do. could the aircraft belong to someone else? >> well, certainly, michael. the u.s. says none of its drones are missing and it follows it could belong to someone else. the united states has identify the 76 countries that use this type of drone country and many u.s. allies in the persian gulf are also using it. but it's unclear how iran got a hold of it anyway. it's possible that it got lost or it had a mechanical failure. it's not clear that it shot down. >> exactly. one of the questions that's been asked, and they've claimed to have done this before, in fact this announcement comes a day to the -- a year to the day after iran claimed to have shot down another u.s. drone and they say that one crashed in the iranian desert. >> that's right. it's a great propaganda for the iranians to say that they shot down a u.s. drone and last year they got so much bang for their buck, by making a toy of this stealth drone and selling it on the streets of tehran. any
, if anything, iran has captured. we're getting very two different stories from tehran and washington. washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and thi
. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing. we'll get more on that in just a moment. >>> also, jessica biel here live. what's life like right now being married to justin timberlake. also, a new movie, on the way, "playing for keeps." so much to talk to her about today. >> that is coming up. >>> let's go to lara, live, all morning long, at buckingham palace with the latest details on the royal baby. good morning, lara. >> good morning, george. what a joy to be here on this day of celebration here in england. folks cheering and giving a thumbs-up as they pass. buckingham palace behind me. and the papers shouting out the great news. there's the picture on "the times." "we're
republicans. >>> reporter: governors from six states are headed here to washington today to tell president obama their thoughts on the "fiscal cliff." the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one is going to get what they want. but we have to compromise. if everything is going to be on the table, how do we negotiate? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2 .2 trillion from the federal deficit over 10 years. but $600 billion in healthcare cuts, $300 billion in cuts to mandatory spending, and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. republicans want to close
of the republican leadership to punish those in washington who vote the way they promised their constituents they would. conservative blogger eric erickson on his blog writing on the same day john boehner, eric cantor and kevin mccarthy punished those for standing up for their convictions sold out their own convictions. erickson wasn't the only 0 group. calling it an $800 billion tax hike. the most conservative media outlets have been in boehner's camp, conservative organizations have a lot of sway with some members. bane earp does not want a full fledged rebellion. a few things to keep in mind. number one, any thought boehner didn't believe he had more control over his conference this time than he did two years ago should be set aside. cantor and mccarthy having his back. he only has to worry if somebody is high profile were somehow to challenge his standing with house republicans. that's not the case. they were in concert on this. does it mean -- send a signal to the white house that this time what boehner says and negotiates goes though it may not be a majority of the majority but boehner
she's doing. all the republican's office would confirm is her visit to washington, d.c. or at least the area monday to see a wounded arizona soldier. she's do you back on saturday. we know brewer is considering her next political move. politico reports she met with billionaire republican fund-raiser sheldon adelson. the speaker strips four house republicans from their committee s seats for not being, quote, team players. what does that mean. the first read team digs into it. we have mark murray up for you. a bipartisan group of govers say the sooner it's resolved the better off the states will be. the two governors will join me, one a republican. there's a new report president obama is considering. vogue editor anna winteror to be the next u.s. ambassador to the uk or france. do you believe that report? it's our gut check. be sure to check out our "news nation" tumblr page. you'll see behind the scene pictures and we got this picture of wynton march sal less yesterday in the house. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and pe
. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the top name for boys. >> sochlt pphia and aiden. least popular, kim jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for
in seattle vancouver and new york city. coming in six is washington d.c. toronto's chicago lost angeles and running out the top 10 as montreal. we posted this list on the kron4 news facebook page. in response to it says it chicago should not be on the list or at least be last. at the road and sang pretty surprising results. montreal should be before and ballet. what are your thoughts about the city? tell us what you think on the kron4 news facebook page. >> the man who gave america a free talk and talk about by stealing a base in the world series will stay a stamp and cisco giant. a 40 year 40 million contract for year 40 million contract they celebrate with a $270 a bottle of tappan juror. marco scutaro is the latest key free agent who has not re-signed yet. >> will have updates for you in the next ouour watching muni s.i. of relief this morning. in the 5:00 hour they've restored all muni service. we will have the latest on the new service coming up. some bay area fire stations closing their doors next year after voters rejected a measure that would have kept them open. will the know a
deadlock in washington is already starting to impact the economy. the institute for supply management says benefactress in the u.s. shrank last month. monday-- market futures for to date indicate a negative start to wall street. here is a look at yesterday's closing numbers. the dow dropped 60 points to fall below 13,000. nasdaq also fell eight points. and the s&p 500 lost close to seven. >> knows corp. says its shutting down the daily. the first most of our available exclusive for tablets devices. because they are not enough readers. this is video from the news that its debut in february 2011. it was initially available only on apple ipad, then expand to other tablets. the daily 100 employes are expected to be moved to other news operations publications. the paper is expected to release its last issue on december 15th. the move comes at--as ceo rupert murdoch appears to break news corp. into two companies. >> and internet virus is expected to the blocking side tumbler. many news organizations--storm affected many organizations tumblers, includingn reutersm, entertainment weekly, and usa t
be filing the necessary paperwork in a couple of hours. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:15. right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the fiscal cliff. in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operation. he said he will not give up. the operating permit expired last month at the national seashore. the company was told it will have to leave within 90 days and that area will return to wilderness. >>> oakland's largest pot club gets a key victory in court. a judge ruled that harborside medical center cannot be ejected and they cannot kick them out because it is not breaking state law. now, the landlord will decide again in federal court on dec
--read staffed somewhere else beating thank you jackie. >> the latest from the fiscal cliff talks in washington competing plans for the white house and republicans and little talk of compromise. the white house plan raises taxes on income over too much of $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and infrastructure spending. the republicans counter offer has deeper cuts to medicare and reduces the social security cost-of-living increase. but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u
Search Results 0 to 12 of about 13